TAM Development wins SAR 20.7 mln project from Ministry of Culture

TAM Development Co. received on July 27 a letter of award for a framework agreement to provide digital solutions and services for the Ministry of Culture at a total value of SAR 20.7 million, inclusive of VAT.

Under the agreement, TAM will provide the necessary digital solutions to develop and operate the ministry’s digital services and platforms, the company said in a statement to Tadawul, expecting the contract to be signed on Aug. 20.

The relevant financial impact is likely to appear in the third quarter of 2023, the company said, adding that there are no related parties to the deal.

Source : Argaam